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Nykredit review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Nykredit pairs a Danish bank licence with an easy-access savings account paying 5% at a variable rate and a monthly fee of DKK 0. It suits Danish teens, students and savers who want a variable return on everyday money, can withdraw whenever they like and pay nothing to keep the account open.

Key facts

Best for
Danish easy-access savings with a variable rate, free ATM withdrawals and no monthly fee.
Monthly fee
DKK 0↗
Deposit protection
EU DGS up to EUR 100,000↗
Free ATM withdrawals
DKK 0↗
Legal entity
Nykredit Bank A/S↗
Headquarters
Denmark↗
Support channels
Phone, Chat, Help-centre↗
Audience
Teens
Pricing model
No monthly fee
Features
Free ATM withdrawals
Official website
nykredit.dk

Savings

Headline rate
5%↗
Rate type
Variable↗
Minimum deposit
DKK 0↗
Access terms
Withdraw freely at any time via mitNykredit online and mobile banking; no expiry date↗
Account kind
Easy access↗

Facts checked September 26, 2026, 5 sources

Apps and profiles

Elsewhere
Wikidata

Pros and cons

Pros

  • A monthly fee of DKK 0 on an easy-access account paying 5% at a variable rate.
  • Free ATM withdrawals, an allowance of DKK 0, for everyday cash.
  • Deposits sit under EU DGS up to EUR 100,000 with a bank licence from Finanstilsynet.
  • Help by phone, chat and a help centre (phone, chat and help centre).

Cons

  • The rate is variable, so the 5% can move and there is no fixed figure to plan around.
  • Customer help runs on phone, chat and help centre only.
  • The stated audience is teen, so the account is aimed at younger Danish customers rather than every saver.
Nykredit

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Scored 9.1 / 10 by VaultCue.

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Who it suits

  • Teen and student savers in Denmark, since teen is the stated audience and the account is easy access.
  • Anyone who wants EU DGS up to EUR 100,000 under a bank licence rather than the FSCS up to GBP 85,000 listed by Revolut AU.
  • People who do not want a monthly charge, since the monthly fee is DKK 0.

Who should look elsewhere

  • Customers outside Denmark, since DK keeps the bank in a single market, while Monzo and Eversend list FSCS up to GBP 85,000 and FDIC up to USD 250,000.
  • Savers chasing a bigger stated limit, because Eversend lists FDIC up to USD 250,000.

Deposit protection

The account sits with a Danish bank supervised by Finanstilsynet, the Danish Financial Supervisory Authority (FTID: 8117). Deposits are covered by EU DGS up to EUR 100,000, so savings sit inside the Danish guarantee scheme. For anyone weighing the safety of the money, that protection and a named supervisor are the parts to check first.

Rates and card terms

The account pays 5% on a variable rate, which is the number to weigh. A variable rate can move in either direction, so the headline figure is a starting point rather than a guarantee, and anyone comparing against a fixed account elsewhere should keep that difference in mind before tying up savings.

How Nykredit compares

Where Nykredit is available

Available
Denmark
Licence in Denmark
Finanstilsynet (Danish Financial Supervisory Authority) (FTID: 8117), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does it cost to keep the account?+

The monthly fee is DKK 0, so there is nothing to pay for keeping it open. Cash withdrawals are covered by a free ATM allowance of DKK 0. The rate is the main ongoing thing to weigh, at 5% on a variable basis.

Is my money protected if the bank fails?+

The balance is covered by EU DGS up to EUR 100,000, and the bank is supervised by Finanstilsynet, the Danish Financial Supervisory Authority, listed as FTID: 8117. Savings therefore sit inside the Danish guarantee scheme, which is the first thing to check for anyone asking how safe the money is.

Is the interest rate fixed or variable?+

The account pays 5% at a variable rate, above the 2.6% typical of teen and student accounts. Because the rate is variable, that figure is a starting point rather than a promise, so a saver wanting a known return for a fixed stretch would need a fixed deal elsewhere.

Can I withdraw my money at any time?+

Money can be withdrawn at any time through mitNykredit online and mobile banking, and the account carries no expiry date, so nothing needs renewing. It is an easy access account, which suits anyone who wants interest on a balance they may need to draw on at short notice.

Do I need to make a minimum deposit?+

The listed minimum is DKK 0, so a small first deposit works as well as a large one, and there is no threshold to clear before interest starts building. That pairs well with the variable rate for anyone starting small.

Who is the account aimed at?+

Nykredit lists teen as the audience, and the bank is based in Denmark, so the account is aimed at younger Danish customers rather than a wide international audience. Anyone based elsewhere is looking at a single market, so another provider would serve them better.

How do I get help?+

Help is available on phone, chat and help centre, covering phone, chat and a self-service help centre. Phone is the standout for anyone who wants to talk an account query through, and the help centre covers the routine questions on its own.

Sources

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Currency conversion fee, Currencies.

Related by the facts

Nykredit

Nykredit

Danish easy-access savings with a variable rate, free ATM withdrawals and no monthly fee.

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